Private capital expenditure in Australia dropped by 0.2 percent quarter-on-quarter in the three months to September 2019, following an upwardly revised 0.6 percent fall in the previous period and compared with market expectations of a 0.1 percent decrease. This was the third straight quarter of decline in private investment, mainly due to a decrease in capital expenditure for equipment, plant and machinery (-3.5 percent vs 2 percent in Q2). On the other hand, spending for building and structure rebounded (2.7 percent vs -3 percent). Through the year to the third quarter, private capital expenditure shrank 1.3 percent.
Private Investment in Australia averaged 1.32 percent from 1987 until 2019, reaching an all time high of 15.70 percent in the second quarter of 1996 and a record low of -8.50 percent in the third quarter of 2015. This page provides - Australia Private Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Australian Bureau of Statistics
Private Investment in Australia is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Investment in Australia to stand at 1.30 in 12 months time. In the long-term, the Australia Private Capital Expenditure is projected to trend around 1.19 percent in 2020, according to our econometric models.